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SEEK Job Ads Rise 2.3% M/M

AUSTRALIA

SEEK note in their latest report:

  • The latest SEEK employment data shows a 2.3% month-on-month growth in jobs advertised. The top three states contributing to the increase in monthly job ads are Queensland, up 7.4%, New South Wales, up 6.3%, and Western Australia, up 5.2% month-on-month in July 2020. Across July, Victoria saw job ads decline by -12.8% month-on-month as the state began stricter lockdown regulations. Key consumer services industries contributed to this overall decline, with the Hospitality and Tourism (-49%) and Retail and Consumer Products (-18%) sectors being most impacted by the stricter lockdown regulations.
  • While we continue to see a decline in Victorian job ads, the current figures are not as severe as the declines we experienced in March and April. In July, small and medium enterprises did everything they could to innovate and find new ways to operate, however we expect next month's job ad volumes to tell a different story after Melbourne entered Stage Four restrictions in the first week of August.
  • With the exception of Victoria and the Northern Territory, all states and territories saw a rebound in job ads across the month, but at a much slower rate than the previous month. In particular, Queensland, New South Wales and Western Australia saw positive month-on-month job ad volume growth in July.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com